January 16, 2014
A bill backed by state Auditor Adam Edelen and a bipartisan group of lawmakers would require state and local government agencies to notify Kentuckians when their personal information is breached. The bill’s backers said the measure has drawn more than …
January 16, 2014
State officials say Georgians filed claims for an estimated $75 million in insured losses after temperatures in the region dropped well below freezing. Georgia Insurance Commissioner Ralph Hudgens said in a statement that the figure could rise as additional claims …
January 16, 2014
Negotiations in Congress on the long overdue U.S. farm bill could be completed this week after progress was stalled by a disagreement over a dairy price support program, a senator said on Wednesday. The five-year farm bill, which covers issues …
January 16, 2014
Desjardins Group, a leading cooperative financial group in Canada, has agreed to purchase State Farm Canada’s property/casualty and life insurance businesses, as well as its Canadian mutual fund, loan and living benefits companies, for CA$1.6 billion (or roughly $1.5 billion). …
January 16, 2014
Cooper Gay (Australia) Pte Ltd, a reinsurance intermediary, has launched a new wholesale division for the Australian insurance market. The new wholesale unit of Cooper Gay Swett & Crawford Group (CGSC), the independent global wholesale and reinsurance intermediary, will serve …
January 16, 2014
A survey conducted at the Insurance Information Institute’s Property/Casualty Insurance Joint Industry Forum in New York Tuesday asked industry leaders for their outlook on 12 topics — ranging from the Terrorism Risk Insurance Act and the Biggert-Waters Flood Insurance Reform …
January 16, 2014
Senate Majority Leader Harry Reid will do just about anything to help Louisiana’s Mary Landrieu. He arranged the chamber’s floor agenda this week so Landrieu could lead debate on a flood insurance rate reprieve for homeowners in her hurricane-prone state. …
January 16, 2014
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global experts contributing to the World …
January 16, 2014
Europe is days from suspending a ban on reinsuring tankers hauling Iranian oil, a measure that helped cut the nation’s crude exports by more than 50 percent when it was implemented. The six-month relaxation starts Jan. 20 and will allow …
January 15, 2014
A Yale University fraternity and its members were sued by two victims of a deadly 2011 accident at a tailgate party during the annual football game with Harvard University. The estate of Nancy Barry, a 30-year-old woman who was killed …